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Candlestick definition
A candlestick is a single mark on a price chart that shows the open, high, low, and close for one time period. Each candlestick covers one interval, such as a minute, an hour, a day, or a week.
A candlestick has a body and wicks. The body shows the range between the open and the close, while the wicks, also called shadows, show the highest and lowest prices reached in the period. A candlestick that closes above its open is bullish, and one that closes below its open is bearish.
A candlestick is one mark; a candlestick chart is the full series of them across a period. Traders read individual candlesticks for buying pressure, selling pressure, volatility, and sentiment, often alongside support, resistance, trend analysis, and technical indicators.
Candlestick Example
You view a 1-hour candlestick for EUR/USD. The candlestick shows four prices:
- Open: 1.0850 - High: 1.0880 - Low: 1.0835 - Close: 1.0870
EUR/USD opened at 1.0850, reached a high of 1.0880, dipped to a low of 1.0835, and closed at 1.0870 in that hour. Because the close sits above the open, the candlestick is bullish.
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